Integrated Value: What It Is, What It’s Not and Why It’s Important - News Summed Up

Integrated Value: What It Is, What It’s Not and Why It’s Important


Integrated value is not the same as shared value, although Harvard professor Michael Porter and management consultant Mark Kramer’s idea represents an important piece of the puzzle. Integrated value is also not defined by integrated reporting, although this likewise contributes an important framework. Hence, we see business creating four types of value, all of which are on the journey towards full integrated value: singular value (low synergy, incremental), diffuse value (high synergy, incremental), focused value (low synergy, transformative) and integrated value (high synergy, transformative). To this end, in collaboration with Chad Kymal, Chief Technology Officer of Omnex and a global expert in integrated management systems, I have designed the Integrated Value Creation (IVC) Methodology, comprising 7 steps (see Figure 5): 1) integrated context analysis, 2) integrated stakeholder assessment, 3) integrated leadership review, 4) integrated risk assessment, 5) integrated opportunity analysis, 6) integrated process redesign, and 7) integrated systems integration (see Figure 5). Figure 5: The Seven Steps of Integrated Value ManagementCopyright 2017 Wayne Visser The Seven Steps of Integrated Value ManagementThere are many more interpretations, examples and methodological approaches that could be applied to integrated value.


Source: Huffington Post September 30, 2017 21:00 UTC



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